Stephen F. Knott Secretary of the Treasury Jacob Lew announced Thursday that Alexander Hamilton would be joined on the ten-dollar-bill by a woman to be named later, or perhaps relegated to appearing on some bills but not on others. Lew cited bureaucratic imperatives in choosing to ignore calls to remove the anti-paper money, bank-hating, Indian-killer Andrew Jackson from the twenty-dollar-bill, while adding that symbols on currency are a “way for us to honor our past and express our values.”
By downgrading the founder of his own cabinet department, Lew, perhaps with the best of intentions, continued a tradition that has deep roots in his own political party. From the moment Hamilton was mortally wounded by Vice President Aaron Burr, the Democratic Party has done its best to relegate Hamilton to the ash heap of history. Jackson warmly welcomed Burr to his home as Hamilton’s killer escaped to the west, while Thomas Jefferson’s lieutenants scurried to contain the emotional impact of Hamilton’s death from damaging their party’s political prospects. Jefferson spent considerable time portraying Hamilton as an un-American, pro-British agent intent on importing monarchy and corruption.
Part of the Jeffersonian-Jacksonian contempt for Hamilton stemmed from the fact that Hamilton was an immigrant from the Caribbean, and thus his “Americanism” was constantly questioned. This sense that Hamilton was not “one of us” animates the writings of Jeffersonians and of Jefferson himself, who was appalled that Hamilton did not see eye to eye with him despite having been “received” by Americans and “given . . . bread” and having honors “heaped . . . on his head.”
In the twentieth century, Franklin D. Roosevelt led the effort to elevate Jefferson into the American Pantheon and downgrade Hamilton’s status. Roosevelt saw himself as a Jefferson for the new century, battling forces similar to those that confronted the Sage of Monticello over a century earlier. Roosevelt led the drive for a Jefferson Memorial in Washington and selected the truncated quotes that adorn its walls. Hamilton’s “monument” in Washington consisted of an undersized statue on the back side of the Treasury building in Washington, and to make matters worse, that statue had been erected during the corrupt Harding administration by its privileged Secretary of the Treasury Andrew Mellon. Read the rest of this entry »